GEMA admission to the Gibraltar Finance Centre Council

GEMA is delighted to be admitted as a new member to the Gibraltar Finance Centre Council. Electronic payments and money is a sector where Gibraltar has distinct natural advantages deriving from its long standing and leading status as a regulated E-commerce hub and a strong international finance centre.

“We warmly welcome the establishment of GEMA and its application to join the Finance Centre Council. The evolution of this sector demonstrates the continued diversification of our industry. It also highlights how Gibraltar is able to attract new skills to augment the professional base already serving our international clientele. We look forward to working closely with GEMA and the other associations within the Finance Centre Council to grow Gibraltar’s offering to clients and our international reputation”.

GEMA Chairman, Daniel Spier commented:

“We are delighted to join the Gibraltar Finance Centre Council and work together with the its members. Our industry is growing at a tremendous pace and we believe Gibraltar could become a major centre for Electronic Money Issuers in Europe. Being a member of the GFCC will further assist us in growing Gibraltar as an eMoney hub for Europe.”

GEMA Secretary, Peter Howitt said:

“The admission of the Gibraltar E-money Association into the Finance Centre Council is testament to all of the hard work done by the local industry as an association in the last few years. It also reflects the wider support this has gained for this innovative sector from the Gibraltar Government, the Financial Services Commission and the wider finance community, for which we are grateful. This sector requires a high degree of commercial and technological innovation as well as a pragmatic risk based approach to managing the regulatory issues arising from cross-border activities. We have a highly skilled and cosmopolitan community in Gibraltar and we also have a long track record in E-commerce. Gibraltar is uniquely placed to be a leading electronic payments hub within Europe.“